Birchcliff Energy (TSE:BIR) Shares Cross Below 200 Day Moving Average – What’s Next?

Birchcliff Energy Ltd. (TSE:BIR) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$6.91 and traded as low as C$6.38. Birchcliff Energy shares last traded at C$6.48, with a volume of 986,267 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BMO Capital Markets cut Birchcliff Energy from an “outperform” rating to a “hold” rating and lowered their price target for the stock from C$8.50 to C$7.00 in a report on Tuesday, April 7th. Raymond James Financial raised their price objective on Birchcliff Energy from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Birchcliff Energy currently has an average rating of “Moderate Buy” and an average price target of C$8.57.

Birchcliff Energy Stock Up 0.6%

The firm’s fifty day moving average is C$6.39 and its 200-day moving average is C$6.91. The company has a market capitalization of C$1.78 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 0.35 and a beta of -0.56. The company has a debt-to-equity ratio of 23.09, a quick ratio of 0.97 and a current ratio of 1.17.

Birchcliff Energy (TSE:BIR) last issued its quarterly earnings data on Wednesday, May 13th. The oil and natural gas company reported C$0.25 EPS for the quarter. The business had revenue of C$217.76 million during the quarter. Birchcliff Energy had a net margin of 9.59% and a return on equity of 3.07%. As a group, equities research analysts predict that Birchcliff Energy Ltd. will post 0.1118631 EPS for the current year.

Birchcliff Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, June 15th. This represents a $0.12 annualized dividend and a dividend yield of 1.9%. Birchcliff Energy’s dividend payout ratio is 48.00%.

About Birchcliff Energy

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes.